Search found 181 matches

by multiham
Sun Jul 30, 2017 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: Advice about Financial Planner
Replies: 8
Views: 1364

Re: Advice about Financial Planner

I would find another CFP who is a better fit for you. I interviewed a few before I settled on one and I do pay by the hour. Basically, we meet once a year to go over where I'm at, what my projections look like, talk a little about taxes, and generally give me a good feeling that I'm on track to meet...
by multiham
Sun Jul 30, 2017 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor/Retirement Planning - Conventional Wisdom?
Replies: 16
Views: 2079

Re: Financial Advisor/Retirement Planning - Conventional Wisdom?

i'll place my bets on the forum knowing more. I've received immensely helpful information here, no doubt. I find however that the quality of responses to any specific post are subject to whomever is responding that day or days. I tried to make that point with my hit or miss analogy above, but appea...
by multiham
Thu Jul 20, 2017 6:04 pm
Forum: Personal Consumer Issues
Topic: Would you let your teenager spend all his savings on a gaming computer?
Replies: 123
Views: 10129

Re: Would you let your teenager spend all his savings on a gaming computer?

I've read all the posts and sometimes I think we forget what its like to be a teenager. Congratulations to him on saving $1,500!! Building a computer is a great learning experience. As others have said, why not help him build it. Great bonding opportunity (Gets harder to find these opportunities as ...
by multiham
Thu Jul 06, 2017 7:50 pm
Forum: Personal Consumer Issues
Topic: Are you finding any good values at Amazon anymore?
Replies: 169
Views: 22117

Re: Are you finding any good values at Amazon anymore?

Others also don't have Amazon's high processing overhead. You already noted their shipping costs. The cost-challenge actually starts upstream of that with the need to track and store an inventory of 10 gazillion individual products, then sort and ship them, not by the truckload to stores where the ...
by multiham
Wed Jul 05, 2017 9:44 pm
Forum: Personal Consumer Issues
Topic: Are you finding any good values at Amazon anymore?
Replies: 169
Views: 22117

Re: Are you finding any good values at Amazon anymore?

I find it very interesting that so many people on this site are shopping less at Amazon than they did in the past. Amazon's sales and market share are still increasing at incredible rates. They are literally changing the face of retail. I love Amazon for the convenience, the willingness to make thin...
by multiham
Sun Jul 02, 2017 9:42 am
Forum: Investing - Theory, News & General
Topic: The "angle" at Schwab
Replies: 32
Views: 5280

Re: The "angle" at Schwab

I've been with them for about 20 years. 95% positive things to say about them. No pressure, no phone calls. I even did their 1 hour conference call with a CFP to discuss my portfolio and their relatively new Schwab Intelligent Advisory. Other than receiving his recommendations by e-mail, no one else...
by multiham
Sun Jun 25, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Leave a good boss for career advancement?
Replies: 12
Views: 1795

Re: Leave a good boss for career advancement?

Go for the new opportunity. If your relationship is as good as you make it out to be, your old boss will be thrilled that you have received this opportunity. I have worked for the same mega-corp for 27 years and have had long term team members get promoted (one is actually my boss now) and I couldn'...
by multiham
Sun Jun 25, 2017 10:25 am
Forum: Investing - Theory, News & General
Topic: Costco vs. Amazon - Thoughts of Prime Members?
Replies: 80
Views: 12687

Re: Costco vs. Amazon - Thoughts of Prime Members?

If its easier for you to take 20 minutes over lunch and go on-line, place an order, and pick-up at the local store when you want, why spend all the time in the store? If they can find a way to give you the vegetables/fruits you like, why would you go in-store? For instance, I like organic grapes wh...
by multiham
Sat Jun 24, 2017 12:30 pm
Forum: Investing - Theory, News & General
Topic: Costco vs. Amazon - Thoughts of Prime Members?
Replies: 80
Views: 12687

Re: Costco vs. Amazon - Thoughts of Prime Members?

I work in sales for a major Health & Beauty consumer company. Let me tell you that all the retailers are scared right now. Trips to stores are going down at rates never seen before. Everyone is having to figure out how to maintain/grow loyalty with their existing shoppers. All stores are trying to f...
by multiham
Tue Jun 20, 2017 8:15 am
Forum: Personal Consumer Issues
Topic: Check engine light. Toyota Avalon 2006, 155K miles [safety issue?]
Replies: 66
Views: 8781

Re: Check engine light. Toyota Avalon 2006, 155K miles [safety issue?]

Am I the only person who actually asks the dealer to tell me what the price will be prior to getting the job done? Unless things have changed since I worked at a dealership many years ago (summer cleaning job in high school) there is a book (probably on-line now) that tells you the standard labor ho...
by multiham
Sun Jun 11, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: 2004 LEXUS RX 330
Replies: 46
Views: 4389

Re: 2004 LEXUS RX 330

Keep the Highlander and pay it off as you can. I would argue the real lesson learned here is never pay sticker or posted price on most cars! Unless you are CarMax or another site that does not allow negotiation, there is fluff built into the stated price to allow you to negotiate and feel like you g...
by multiham
Sat Jun 10, 2017 8:09 pm
Forum: Personal Consumer Issues
Topic: Suit for [medical] residency interviews
Replies: 57
Views: 7539

Re: Suit for [medical] residency interviews

I have one word for you on why I would make sure I spend enough to get good quality material that fits perfectly. That word is Confidence. You will have enough things to worry about other than whether your suit looks and fits well. Take care of that up front and then you can focus all of your energy...
by multiham
Sat Jun 10, 2017 3:30 pm
Forum: Personal Consumer Issues
Topic: Overpaid Big Time On Warranty
Replies: 55
Views: 5162

Re: Overpaid Big Time On Warranty

There is something wrong on what they are quoting you. $350 per month times 59 months = $20,650 (this should be the amount you financed) Your old deal including the warranty was $288 per mont times 72 months =$20,736 which means you only paid $86 for the extended warranty. Something is not right. Pl...
by multiham
Mon Jun 05, 2017 8:58 am
Forum: Personal Consumer Issues
Topic: Worth it to buy expensive clothes?
Replies: 91
Views: 13045

Re: Worth it to buy expensive clothes?

As long as your weight doesn't fluctuate up and down and you don't buy anything trendy, I think this is a great investment in yourself.
by multiham
Fri Jun 02, 2017 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Time to Move Away from 3-Fund Portfolio?
Replies: 36
Views: 5441

Re: Time to Move Away from 3-Fund Portfolio?

Different approach from me. What is the value you place on your wife being able to use PAS if needed? If that makes her feel at ease, it is well worth the .30% charge. Most people on this forum are financially savvy or at least have the curiosity to learn. If that is not the case for someone else, t...
by multiham
Wed May 31, 2017 7:27 pm
Forum: Personal Consumer Issues
Topic: Is it worth it spending money to keep your house looking sharp?
Replies: 54
Views: 9681

Re: Is it worth it spending money to keep your house looking sharp?

Pride I don't have the most expensive clothes, but they are neat and well taken care of. I don't have the fanciest landscape, but it is pruned, cut back when needed, and weeded I don't have a fancy entryway or front door, but it is painted and I have replaced the kick plate and weather stripping whe...
by multiham
Tue May 30, 2017 6:31 pm
Forum: Personal Consumer Issues
Topic: Do I deserve it? [A new car]
Replies: 69
Views: 7678

Re: Do I deserve it? [A new car]

Many years ago, I bought a $20,000 car when I was making $40,000. I'm a car guy and don't view a car simply as a means of getting from point A to point B. I truly loved that car and was having no problem paying off the car loan. Than I met my future wife, decided to get married, and wanted to save f...
by multiham
Tue May 30, 2017 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: "Security freeze" to prevent credit fraud
Replies: 24
Views: 3731

Re: "Security freeze" to prevent credit fraud

I know this is a 5 year old thread, but hoping to get some advice. Someone cloned my credit card (so much for chips) and I reported it to the credit card company and the police. I now want to put a Security Freeze on my account. You're mixing up different things. Having a credit card number comprom...
by multiham
Mon May 29, 2017 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: "Security freeze" to prevent credit fraud
Replies: 24
Views: 3731

Re: "Security freeze" to prevent credit fraud

I know this is a 5 year old thread, but hoping to get some advice. Someone cloned my credit card (so much for chips) and I reported it to the credit card company and the police. I now want to put a Security Freeze on my account. What bothers me is that when I contacted Experian (you need to contact ...
by multiham
Mon May 29, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Losing money on vehicle, should I or shouldn't I?
Replies: 24
Views: 3590

Re: Losing money on vehicle, should I or shouldn't I?

You hate it, enough said. Sell it, take the loss, and move on. Why don't you get Honda to look at the clutch while you still own it so that if it needs replacing, it will have been done before you sell it which to me is a good selling point. My only advice on buying the new one is will you get as mu...
by multiham
Mon May 29, 2017 9:50 am
Forum: Investing - Help with Personal Investments
Topic: A gem Livesoft uncovered
Replies: 64
Views: 12932

Re: A gem Livesoft uncovered

Few years to retirement and new at looking at withdrawal rate. Had always heard 4% so this gives me something new to think about. I do have a question that I don't understand. I searched for more information on CPI, but didn't find enough to answer my question. I understand the technical definition...
by multiham
Mon May 29, 2017 9:27 am
Forum: Investing - Help with Personal Investments
Topic: A gem Livesoft uncovered
Replies: 64
Views: 12932

Re: A gem Livesoft uncovered

Few years to retirement and new at looking at withdrawal rate. Had always heard 4% so this gives me something new to think about. I do have a question that I don't understand. I searched for more information on CPI, but didn't find enough to answer my question. I understand the technical definition ...
by multiham
Sun May 28, 2017 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: When does Saving become missing out on life?
Replies: 74
Views: 10492

Re: When does Saving become missing out on life?

Save 30% of job income, spend the rest. I did that since my 30s and have no regrets. Definition of "savings" for me included building equity in my home (payment of principal on the mortgage but not interest) and excluded all consumables, e.g. cars. What happened to me: By the time I was in my 40s I...
by multiham
Sat May 27, 2017 10:43 am
Forum: Personal Finance (Not Investing)
Topic: When does Saving become missing out on life?
Replies: 74
Views: 10492

Re: When does Saving become missing out on life?

Are you happy with what you have and the way you live? If the answer is yes, than stop worrying. If the answer is no, figure out what you are missing out on and fix it.
by multiham
Fri May 26, 2017 10:19 am
Forum: Personal Consumer Issues
Topic: Sell 2015 Subaru or Keep?
Replies: 71
Views: 7676

Re: Sell 2015 Subaru or Keep?

I would not give this a second thought. Just keep the car. You bought it for a reason, you can afford it, and if any of the safety devices ever help you, it is well worth it. Please know that I am not a hard core Boglehead. I love the philosophies, but use them as a guide, not a mandate. I like cars...
by multiham
Thu May 18, 2017 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth with Schwab
Replies: 4
Views: 996

Re: Backdoor Roth with Schwab

Thank you! I was confused when she said that Schwab was going to withhold taxes.

I believe I can do $6,500 in total since I am 51. If I do the $6,500 over 3 transactions this year, do I have to file 3 form 8606's or can I consolidate all 3 transactions onto one form 8606?
by multiham
Thu May 18, 2017 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth with Schwab
Replies: 4
Views: 996

Backdoor Roth with Schwab

Little nervous after my transaction today. Looking to make sure I did not screw anything up I opened an IRA at Schwab last week. I have no other TIRA's, but do have a small Roth IRA from a while ago. Placed $2,000 into the IRA today via a transfer from my linked Schwab bank account. Money is instant...
by multiham
Sun May 14, 2017 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Pre-retirement Advice Requested
Replies: 18
Views: 2252

Re: Pre-retirement Advice Requested

I know I am in the minority here, but you are about to make 1 of the top 3 or 4 decisions in your life when you retire and how you go about the financial transition. Here is what I would do: 1. Write down exactly what you want to accomplish with the CFP 2. Explain to the CFP that you are not looking...
by multiham
Sat May 06, 2017 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Validate 529 Planning
Replies: 1
Views: 278

Validate 529 Planning

Looking for some thoughts on my 529 Plan I've been funding my kids plans at low levels since they were born. Here are my facts and current thought: 52 years old looking to retire in 5 years Fully fund my 401K and now funding Taxable IRA to do Backdoor Roth for 2017 On track for my retirement plan 2 ...
by multiham
Mon May 01, 2017 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Multiple Times During Year
Replies: 4
Views: 968

Backdoor Roth Multiple Times During Year

My MAGI is too high to make a Roth contribution. I max out my 401K at work. I am over 50 and have no IRA's accept for a small Roth I funded many years ago. Can I do the following and if so, what tax paperwork do I need to fill out in 2017? 1. In June, open a taxable IRA and fund it with $3,000. 2. A...
by multiham
Wed Apr 26, 2017 1:12 pm
Forum: Personal Consumer Issues
Topic: Porsche Lease
Replies: 56
Views: 5825

Re: Porsche Lease

Love the Boxster! Here are some of my thoughts. 1. Shop around for the best lease you can get. The Porsche dealer near my house is not willing to negotiate much off sticker price as he tells me that people walk in with cash everyday and purchase at sticker. There is another dealer that is willing to...
by multiham
Tue Apr 25, 2017 7:15 pm
Forum: Investing - Help with Personal Investments
Topic: How do I choose and Financial Planner and what can I expect?
Replies: 16
Views: 2335

Re: How do I choose and Financial Planner and what can I expect?

You CAN find a certified financial planner that will develop a plan and help you implement it with either the options you currently have or options that you are interested in. Find some local CFP's and spend some time on the phone or through an initial meeting interviewing them. I talked to about 5 ...
by multiham
Tue Apr 25, 2017 6:55 pm
Forum: Personal Consumer Issues
Topic: New job and offer - recruiter sent a wrong $$
Replies: 43
Views: 6223

Re: New job and offer - recruiter sent a wrong $$

Whatever decision you end up making, do not burn any bridges at the company who you interviewed with. You never know when you will run into that person again. Someone from that company may end up being your boss one day and you do not need them to have/have heard negative comments about you. If you ...
by multiham
Sun Apr 23, 2017 5:40 pm
Forum: Investing - Theory, News & General
Topic: value of stock options
Replies: 30
Views: 2942

Re: value of stock options

Thank you for all the replies. I spent a few hours over the last few nights developing a tax estimator in Excel. I now have a very good idea of how much I can exercise and stay in the 28% tax bracket (will leave some cushion for unforeseen income) this year. Now have plan put together to exercise ov...
by multiham
Sun Apr 23, 2017 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 24778

Re: Any regrets living a frugal life for high income/high networth individuals?

I'm a planner by nature. My goal is to properly invest enough $ each year that I'm working to allow my wife and I to have a very comfortable retirement without worrying where the next $ will come from. Once I have that covered, I am good with us spending our money. Both our cars are from 2016 and ha...
by multiham
Sun Apr 23, 2017 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: Is robo for me?
Replies: 34
Views: 3815

Re: Is robo for me?

I have set-up an appointment with Schwab for next Saturday to review their Intelligent Advisory Program. Most of my non 401K assets are already at Schwab. If I like what I hear, I plan to start with about $30,000. Here is why it makes sense for ME: 1. The fee (.28%) will be less than $100 for the ye...
by multiham
Wed Apr 19, 2017 8:07 pm
Forum: Investing - Theory, News & General
Topic: value of stock options
Replies: 30
Views: 2942

Re: value of stock options

Thank you everyone for the replies! One thing I'm really good at is never looking back and saying what if. When I decide to do something, it means I have weighed all the factors and decided that my move is the right option at that time. No reason to look back and say what if. I will however learn fr...
by multiham
Wed Apr 19, 2017 8:02 pm
Forum: Investing - Theory, News & General
Topic: value of stock options
Replies: 30
Views: 2942

Re: value of stock options

1. Are these Incentive Stock Options or are they Non-Qualified Stock Options? 2. How far in the money are they? What is the strike price and what is the current market price of the stock? 3. What is the implied volatility of options? Or failing that what is the historical volatility of the equity? ...
by multiham
Sun Apr 16, 2017 6:33 pm
Forum: Investing - Theory, News & General
Topic: value of stock options
Replies: 30
Views: 2942

Re: value of stock options

Thank you everyone for the help and advice. I am anywhere from 3 to 7 years from retirement. I have no plans on leaving the company. My plan was to wait until at least 2018 to exercise and sell. Just wasn't sure if that was a great idea given that I've read a lot about not having too many investment...
by multiham
Sun Apr 16, 2017 11:02 am
Forum: Investing - Theory, News & General
Topic: value of stock options
Replies: 30
Views: 2942

value of stock options

I am lucky enough to have some stock options from the megacorp I work for. I most likely will not be getting anymore as they have changed the requirements to be eligible for options to a level I most likely will not make. The 2 lots of options I have expire in 2019 and 2020. When I first got them in...
by multiham
Mon Mar 27, 2017 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: Consolidating IRAs Question
Replies: 8
Views: 1118

Re: Consolidating IRAs Question

Not sure if they separate brokerage and mutual fund accounts. However, what is really strange is one of my rollover IRA's contains non Fidelity mutual funds.
by multiham
Mon Mar 27, 2017 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Consolidating IRAs Question
Replies: 8
Views: 1118

Re: Consolidating IRAs Question

Just got off the phone with Fidelity and now I'm really confused. They are telling me that if I consolidate into one of my rollover IRA's that I can only have Fidelity funds in that account. If I consolidate into my Traditional IRA, I can have any funds in there. Does this make sense? I'm planning t...
by multiham
Sun Mar 26, 2017 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Keep JNJ or invest everything in index funds?
Replies: 18
Views: 1847

Re: Keep JNJ or invest everything in index funds?

You are going to have a large amount of Long Term Capital Gains. Split adjusted purchase price back in 1997 is going to be in the 30's. With today's price of $125+ per share, you will have a roughly $90 per share capital gain on the initial purchase shares. I know taxes should never be the deciding ...
by multiham
Sat Mar 25, 2017 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Advisor suggested this - Good idea?
Replies: 41
Views: 3742

Re: Advisor suggested this - Good idea?

Apologize if I missed this posted somewhere else in the thread. Why not get the remodel work done now? You have the $ you need for it right now. In this environment of uncertainty and potential inflation, the cost in 2 to 3 years could easily be $80,000 plus. I know I am also in the minority on the ...
by multiham
Mon Mar 20, 2017 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Consolidating IRAs Question
Replies: 8
Views: 1118

Consolidating IRAs Question

My wife has the following 4 IRA accounts at Fidelity. Rollover IRA Traditional IRA Rollover IRA Roth IRA Is there any disadvantage to combining the 2 Rollover and one Traditional IRA into 1 account? Does it matter which account I combine them into (In other words should I move the 2 Rollover IRA's i...
by multiham
Sat Mar 18, 2017 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Looking to retire in 6 years at 57. Need help with Fixed Income Funds
Replies: 8
Views: 910

Re: Portfolio Review - Looking to retire in 6 years at 57. Need help with Fixed Income Funds

I don't think you need to put any bond funds in your taxable account at all, so no need for tax-exempt muni bond funds. I don't think it will matter which fixed income fund(s) you choose to use. You can use the two funds in your 401(k) and/or you can chose some Vanguard funds in the IRAs. You canno...
by multiham
Sat Mar 18, 2017 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Looking to retire in 6 years at 57. Need help with Fixed Income Funds
Replies: 8
Views: 910

Re: Portfolio Review - Looking to retire in 6 years at 57. Need help with Fixed Income Funds

The most safety is pretty easy to figure: The investment with the lowest yield. But I wouldn't want the most safety because it is not really needed. Say you have 30% in fixed income in a $2 million portfolio, so that's just $600,000. If that drops by 1%, that's just $6,000 which should not be a big...
by multiham
Sat Mar 18, 2017 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Looking to retire in 6 years at 57. Need help with Fixed Income Funds
Replies: 8
Views: 910

Re: Portfolio Review - Looking to retire in 6 years at 57. Need help with Fixed Income Funds

I don't think you need to put any bond funds in your taxable account at all, so no need for tax-exempt muni bond funds. I don't think it will matter which fixed income fund(s) you choose to use. You can use the two funds in your 401(k) and/or you can chose some Vanguard funds in the IRAs. You canno...
by multiham
Sat Mar 18, 2017 11:00 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Looking to retire in 6 years at 57. Need help with Fixed Income Funds
Replies: 8
Views: 910

Re: Portfolio Review - Looking to retire in 6 years at 57. Need help with Fixed Income Funds

I personally would 1) sell the IRA vanguard 500 index and buy total bond market and 2) tax loss harvest the individual stocks you have in taxable and buy an intermediate term muni fund. I'm with you on the selling of the Vanguard 500 and buying Total Bond Market. Can't do the tax loss harvest as th...